Is it a bad time to buy residential investment properties in NC?

[Chris L.]

I can see that property values are up in the area. I may be interested in purchasing residential rental properties in the RDU area-particularly Durham/Hillborough/Chapel hill area. I'm wondering, considering the uptick in real estate prices in the area, if this is a bad time to purchase an investment property in the area. I was also wondering how the rental market is in the durham and other areas. I have seen A LOT of rental buildings go up in the past couple years and I'm wondering how that will impact the rental market for those of us with rental homes or other. Are there certain cities in the RDU area that would be better for purchasing rental properties? If you were to invest in investment real estate right now, what type of investment would you choose and where?